Summary - JANELEIGH COURT, 39 FLAT 2 ASHLEIGH ROAD LEICESTER LE3 0FB
1 bed 1 bath Apartment
Low-maintenance one-bed with strong yield — cash buyers due to short lease.
- Ground-floor one-bedroom apartment, approx. 441 sq ft
- Potential rental income ~£700 pcm (approx. 7% gross yield)
- 53 years remaining on the lease — lenders likely refuse mortgages
- Cash buyers only advised unless lease extended
- Service charge c. £1,200 per year; ground rent £100 per year
- Allocated off-street parking; no private garden
- Located in a cosmopolitan, student-friendly area with fast broadband
- Above-average local crime rate may affect letting/insurance
A compact ground-floor one-bedroom apartment offering straightforward, low-maintenance accommodation in a well-connected Leicester location. The flat is presented in good condition with a bright lounge, separate kitchen, double bedroom and three-piece bathroom, ready for immediate let or occupation.
This unit is geared toward investors or cash buyers: a projected rent of around £700 pcm gives an approximate gross yield of 7%. Allocated off-street parking and a ground-floor position add practical appeal for tenants seeking easy access and low upkeep.
Buyers should note a material drawback: the lease has approximately 53 years remaining. Many mortgage lenders will refuse to lend on flats with this short a lease, so purchase is effectively limited to cash buyers unless a lease extension is arranged (this can be costly and take time). Service charge and ground rent are payable (c. £1,200pa service charge; £100pa ground rent), and the local area records above-average crime levels, which may affect letting strategy and insurance costs.
Overall, this apartment suits a hands-on investor or buyer who can purchase with cash, understands the costs and process of extending a lease if desired, and values location and low-maintenance living over long lease security.
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